AT&T Closes $85 Billion Time Warner Deal After a Two-Year Effort

AT&T closed its $85 billion takeover of Time Warner twc
, the culmination of a 20-month battle for the right to enter the media business by acquiring the owner of HBO and Warner Bros.
The completion of the deal came just hours after AT&T made a filing in federal court in Washington disclosing that it had reached an agreement with the Justice Department that waived a waiting period for closing.
The agreement doesn't prevent the department's antitrust division from appealing the decision issued Tuesday by a federal judge rejecting the U.S. antitrust lawsuit against the deal. The government...Read more ...

AT&T, Time Warner close $81B merger 2 days after judge OKs

WASHINGTON - AT&T has completed its $81 billion takeover of Time Warner, one of the biggest media deals ever. A federal judge approved the combination just two days earlier over objections by the Trump Justice Department that it would hurt consumers.
The merger could shape the way consumers stream TV and movies and how much they pay, and stands to usher in a new era of accelerating change and deal making in the media and telecom worlds.
The announcement came late Thursday from Dallas-based AT&T, a telephone, cable and satellite behemoth that now will own an array of TV networks and...Read more ...

How Reuters reported the AT&T-Time Warner ruling first

For U.S. media companies and investors, it was the ruling of the decade.Read more ...

The Latest: AT&T, Time Warner complete major merger

WASHINGTON - The Latest on AT&T's merger with Time Warner :
8:15 p.m.
AT&T and Time Warner have completed their merger, one of the biggest media deals ever, just two days after a federal judge approved the combination over objections by the Trump Justice Department that it would hurt consumers.
The merger could shape the way consumers stream TV and movies and how much they pay, and may usher in a new era of accelerating change and deal making in the media and telecom worlds.
The deadline to complete the merger was next week, but the closing came swiftly after the Justice Department...Read more ...

AT&T closes $85 billion deal for Time Warner

WASHINGTON - AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after it reached an agreement with U.S. antitrust regulators.Read more ...

AT&T, Time Warner to close merger 'as soon as possible'

WASHINGTON - AT&T and Time Warner say they have a clear path to complete their newly approved merger. Their lawyer says the Justice Department has signaled it won't ask for a postponement while it ponders an appeal of a judge's ruling.
On Tuesday, U.S. District Judge Richard Leon ruled against the government's attempt to block the $85 billion deal on antitrust grounds. Now the companies could close their merger "as soon as possible," according to a Thursday letter from their lead attorney to Justice Department lawyers. The government is still considering whether to appeal Leon's ruling to...Read more ...